Question

How Europe merged as centre of world trade in 16th Century ?

Answer 1

This article sketches the beginnings and central trends in the development of economic ties between Europe and regions outside Europe from 1450 to 1950. The focus is on the increasing diversity and volume of goods exchanged, and the reciprocal enrichment of material cultures between the continents. In this way, the article creates a vivid picture of the emergence of the global market and the beginnings of global competition. It also seeks to identify the central driving forces behind the successive periods of intensification of trade and interaction from the late Middle Ages to the modern period. Finally, this study describes the increasing interconnection of the economic regions of the Orient and the Occident, as well as the interdependence of the two.